Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Up 148.0% in May

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,877,826 shares, a growth of 148.0% from the April 30th total of 757,131 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,088,231 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Franklin FTSE Japan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Franklin FTSE Japan ETF during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. raised its stake in shares of Franklin FTSE Japan ETF by 475.0% in the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after buying an additional 950 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Franklin FTSE Japan ETF during the 4th quarter valued at approximately $41,000. Flagship Harbor Advisors LLC bought a new stake in Franklin FTSE Japan ETF during the 4th quarter valued at approximately $59,000. Finally, Farther Finance Advisors LLC grew its holdings in Franklin FTSE Japan ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after buying an additional 522 shares in the last quarter.

Franklin FTSE Japan ETF Stock Down 0.3%

FLJP stock opened at $39.67 on Tuesday. The firm has a market capitalization of $3.67 billion, a PE ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a twelve month low of $30.54 and a twelve month high of $40.22. The stock has a 50-day simple moving average of $37.92 and a two-hundred day simple moving average of $36.97.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.